Business
Nigeria To Produce Seed Yams For Export
The technical committee on Nigeria Yam Export Programme is working with the University of Agriculture, Umudike and the International Institute of Tropical Agriculture (IITA) Ibadan to produce seed yams for export.
The committee was charged with the responsibilities of finding markets for Nigerian yams in the world and providing market information on weekly prices of yam at the major marketing centres abroad.
The programmes’ chairman Prof. Simon Irtwang, told newsmen in Lagos that the seed yams would be given to farmers to plant them specifically for export.
“One of the challenges with the flag-off of yams exported in June 2017 was that the yams were exposed to the sun before being selected for export.
“Once yams are exposed in the sun for long, the process of decaying sets in gradually.
“With special seed yams, the structures to have a good quality of seed yams for export will be set in motion.
“This will help and ensure that future yam exports withstands the temperatures of all the countries the yams will be sent to,” he said.
Irtwang said that the technical committee would consider the post-harvest handling of yams for export to ensure they meet international standard.
He, however, added that not all yams were good enough for export.
“There are some species and varieties of yams that are good for export and in the open market, the yams are always separated from each other.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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